The Golden Pendant is simply a pentagram made out of gold with a black string to help fasten it. Probably completely safe and with remarkably low levels of demonic influence. As per normal flair standard in EBF4, male characters wear it on their chest, while females wear it either on their skirt, or on their hair if it is equipped in the third Flair slot. In EBF5, it is instead worn as a necklace.
In EBF5, the Golden Pendant's pentagram becomes a solid star if Mature content is disabled in the options.
The Golden Pendant provides resistances to Holy and Weaken when worn in EBF4. In EBF5, it adds a resistance to Tired in addition to its previous resistances.